Patrick Soon-Shiong is having one bad year.

It wasn't so long ago that the South Africa–born doctor was the richest man in Los Angeles, valued at nearly $13 billion by Forbes. It wasn't so long ago that the same Forbes magazine was asking: “Can Patrick Soon-Shiong, the World's Richest Doctor, Fix Health Care?” (proving once again that the answer to any headline asking a question is a firm “No”). And it wasn't so long ago — June 2016, in fact — that the good doctor's health care technology startup, NantHealth, went public, its shares surging nearly 33 percent in value on their first day on the market.

The surgeon, inventor and part-owner of the Los Angeles Lakers was riding high in the heady days of 2016, so high that he felt emboldened to buy a significant share of a little newspaper company called Tribune Publishing, soon to be renamed tronc, which owns the Los Angeles Times. Soon-Shiong even dined with President-elect Donald Trump at a New Jersey country club, discussing, according to Trump's transition team, “innovation in the area of medicine and national medical priorities that need to be addressed in our country.” There was some suggestion that Soon-Shiong was in line (or perhaps just putting himself up) for a position in the Trump administration.